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Reuters: Gold Trading "Quieter", Support Ahead

LONDON, 25 January 2012 - Global news-wire Thomson Reuters today notes recent trading activity by private investors using BullionVault in a report on what's currently driving the price of gold.

"There's a few things in the months ahead that could be supportive for gold prices," Reuters quotes Nic Brown, head of commodities research in London for French investment and bullion bank Natixis, adding that it was the US debt downgrade - not the Eurozone crisis - which spurred gold's all-time highs in summer 2011.

"We've seen January being a lot quieter than I would say Q3 or Q4 last year," the news-wire then quotes Adrian Ash, head of research at BullionVault, the online gold and silver exchange for private investors.

"In term of [institutional] Western investment demand right now, there is a lack of convction. [Big players] look to be anxious about what does the next stage of the Eurozone crisis mean in the short term," says Adrian.

You can read Reuters' full report here...

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